WSFS Financial Corporation $WSFS Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,465,792 shares of the bank’s stock after buying an additional 32,423 shares during the quarter. Franklin Resources Inc. owned about 4.51% of WSFS Financial worth $136,210,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WSFS. Torren Management LLC acquired a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $35,000. Clearstead Advisors LLC lifted its holdings in shares of WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after buying an additional 489 shares during the period. Quarry LP increased its stake in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares in the last quarter. First Horizon Corp raised its holdings in WSFS Financial by 40.1% during the fourth quarter. First Horizon Corp now owns 817 shares of the bank’s stock worth $45,000 after purchasing an additional 234 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in WSFS Financial by 265.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after purchasing an additional 706 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WSFS shares. UBS Group set a $76.00 price objective on WSFS Financial in a report on Monday, April 27th. Piper Sandler reaffirmed a “neutral” rating and set a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and set a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. DA Davidson lifted their price objective on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Brean Capital started coverage on WSFS Financial in a report on Tuesday, March 10th. They set a “buy” rating and a $74.50 price objective for the company. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.07.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $74.04 on Thursday. WSFS Financial Corporation has a fifty-two week low of $49.92 and a fifty-two week high of $74.69. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 13.17 and a beta of 0.76. The business has a fifty day moving average of $70.43 and a 200-day moving average of $64.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

WSFS Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend payout ratio is 14.23%.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.